Mumbai-based VAS service provider, NetCore has acquired Greynium Information Technologies Pvt. Ltd. which owns local languages properties (portals) in digital medium under the oneindia.in brand as well as classifieds space under the Click.in. NetCore’s owner Rajesh Jain is already an investor in his personal capacity in Greynium through his venture fund, Emergic Venture Capital.

On the acquisition, Abhijit Saxena, CEO of NetCore Solutions said, "Given that local languages are crucial for India, this strategic acquisition will position NetCore well going ahead in building both reach (across Internet and mobile) and revenue (from ads, lead generation, content subscriptions and commerce).”

Greynium claims to have over 6 million unique visitors on a monthly basis. Netcore also hopes to have increased presence in the Southern market through this acquisition.

Rajesh Jain, founder and Managing Director of NetCore Solutions said, "The future of the Internet in India will be a multi-screen one, defined by services that span the mobile-PC continuum. The combination of MyToday''s mobile services and OneIndia's Internet portals creates new opportunities for both consumers and enterprises."